89AProposed contracts for sale of residential property

89A Proposed contracts for sale of residential property (1) An agent commits an offence if— (a) the agent offers residential property for sale; and (b) the required documents are not all available at the agent’s place of business for inspection by a prospective buyer (or an agent for a prospective buyer) at all reasonable times when an offer to buy the property may be made to the agent. (2) An assistant property agent commits an offence if— (a) the assistant property agent is employed by an agent who is acting for a seller of residential property; and (b) the assistant property agent offers the residential property for sale; and (c) the required documents are not all available at the agent’s place of business for inspection by a prospective buyer (or an agent for a prospective buyer) at all reasonable times when an offer to buy the property may be made to the assistant property agent. (3) An agent or assistant property agent offers residential property for sale if the agent or assistant property agent, expressly or by implication— (a) indicates that the property is for sale or is to be auctioned at any future time; or

(b) offers to sell the property; or (c) invites an offer to buy the property; or (d) indicates that someone may be willing to grant an option to buy the property. Examples for par (a) 1 The agent or assistant property agent advertises or promotes the property in a way that, in the circumstances, may reasonably be taken to indicate that the property is or may be for sale.